Loan officer guilty in Va. mortgage fraud

Published December 3, 2010 5:00am ET



A Springfield loan officer pleaded guilty Friday in a mortgage fraud scheme that prosecutors said allowed fake buyers and unqualified buyers to obtain more than $4 million in loans.

Alejandro Alquinta, 35, was the loan officer in at least 14 fraudulent transactions while he worked at SunTrust Mortgage in Falls Church, according to prosecutors.

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